World belatedly reports $31.6 million 2005 net income

World Air Holdings finally reported its 2005 fourth-quarter and full-year financial results Friday, posting net income of $31.6 million for the year, increased 23.4% from $25.6 million in 2004. WAH, parent of wet-lease specialist World Airways and charter carrier North American Airlines, missed several reporting deadlines and was de-listed by Nasdaq as a result (ATWOnline, May 22). CEO Randy Martinez said the company has appealed Nasdaq's decision and resolved the problems delaying its ...